The Trump administration is asking the U.S. Congress for 2.5 billion dollars to fight the coronavirus, including more than one billion dollars for vaccines, the White House said.
With financial markets falling on concerns that the virus will have a significant impact on the global economy, the Trump administration is eager to show it is prepared to combat the virus.
The virus has spread to some 29 countries and regions beyond the Chinese mainland, with outbreaks in South Korea, Iran and Italy.
The money will be used for therapeutics, vaccine development, and the stockpiling of personal protective equipment such as masks.
There have been 53 confirmed U.S. cases of COVID-19 so far – 14 in the United States and 39 among Americans repatriated from the outbreak’s epicenter of Wuhan, China, and from the Diamond Princess cruise ship quarantined in Japan, according to the U.S. Centers for Disease Control and Prevention.